121-19 Sutphin Boulevard
Property Description
Exceptional Mixed-Use Investment Opportunity in the Heart of Queens One of the best-priced renovated mixed-use investment properties currently available in Queens. A rare opportunity to acquire a vacant, income-producing asset with exceptional cash flow potential. Don't miss this rare opportunity to acquire a renovated, vacant 3,800 SF mixed-use building in a prime Sutphin Blvd location. Featuring (4) renovated units with a total of 7 bedrooms and 4 bathrooms, this turnkey property offers immediate income potential for investors or owner-users alike. The building includes one commercial storefront with excellent visibility on Sutphin Blvd and three renovated residential apartments, all delivered vacant, allowing the new owner to lease at current market rents from day one. Additional highlights include 12-foot ceilings a large finished basement, and strong upside in one of Queens' most active commercial corridors. Based on estimated market rents, the property offers projected gross annual income exceeding $160,000, representing an estimated ~12% capitalization rate at full occupancy. Property Features: * Approximately 3,800 SF * (4) Renovated Units * 7 Bedrooms | 4 Bathrooms * Prime Mixed-Use Building * 12-Foot Ceilings * Large Basement * Vacant * Strong Investment or Owner-User Opportunity Unit Mix: * Unit #1 - Retail Storefront * Unit #2 - Three-Bedroom Apartment * Unit #3 - Two-Bedroom Apartment * Unit #4 - Two-Bedroom Apartment **Seller financing may be available to qualified purchasers with a substantial down payment.** **Buyer's responsibility to verify all information.**
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,290,000 |
| No. of Units: | 4 |
| Year Built: | 1931 |
| Opportunity Zone: | No |
| Price per unit: | $322,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 4 |
ID: 3yd-MLSLINY-1034363
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